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Jan 30, 2012 9:00pm PST
with traffic stop nearly 2 miles away. carolyn explains what happened. >> my friend. >>reporter: roberts lost his best friend of more than 20 years today. in a strange and tragic set of circumstances this traffic mess is the end result. roberts says he was behind the wheel early this morning. his friend armed james and 2 other passengers were along for the ride. when he was stopped by annual immediate police officer. >> he said he wasn't we was going past the speedlimit. >>reporter: roberts car was impounded. alameda police say that's because had he a suspended license. it was just before 5 in the morning and this residential neighborhood. 4 people without a car. >> they were given the option of having the police officer call them a cab at their expense of course to go to their destination. they declined the offer. and then the individuals were no longer being detaped by the police department so she were on their way. >> we live far but we had to get to where we need to go so we had to walk. >>reporter: they ended up nearly 2 miles away walking along the edge of doolittle drive. re
Jan 31, 2012 6:00pm EST
of predicting which direction the market will move. carolyn broaden, the fabulous technician runs looked at the average of the 5 s&p 500 for us since the market peaked in 2007. the results are pretty staggering. the chart includes both gold ebb crosses above the 200-day, and deaths kroes where it goes below the 200 day and we get the full balance here. since the 2007 top, the cross overs have created big up or down moves in the s&p 500, four out of five times. guys, that's too many just to be circumstantial or coincidental. first it was a negative death cross, in december 2007 and at first we saw an extended, horrible decline that you this to avoid, right? all of the way through until the generational low in march 2009. second, was there a golden cross in june of 2009 which was followed by a healthy rally all of the way into the april 2010 high. so far so good. third, another death cross in early july of 2010, this one fooled people. it didn't work. instead the s&p actually rallied 118 points from the july 1st low before we saw a bit of a decline and not enough to take out the
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